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Gran Colombia Gold Corp. (GCM.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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6.36+0.08 (+1.27%)
As of 12:49PM EDT. Market open.
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  • A
    A
    It is about time for this stock to move up... Gold is up, company declared dividend and is buying back 10% of its shares for cancellation.. Hope it continues....
  • K
    Kol
    Undervalued stock
  • b
    better
    Based on the 2nd quarter earnings call:
    * the Company has upgraded its 2020 annual production guidance to a range between 218k - 226k ounces of gold (this is an increase from the prior consensus estimate of 210k ounces; with 104k ounces produced in H1, this means 114k-122k ounces will be produced in H2)
    * The AISC has risen slightly w/ covid and shutdowns, but this appears to be a one-time hit, and at $1,045 per ounce in H1 it continues to be very attractive relative to other gold mines globally
    * Based on my quick calculations, with this production guidance and ASIC, the Company could recognize $215m++ of revenue and $100m++ of earnings in the second half of 2020! wow!)
    * The company has declared a dividend for the first time, and in the call with management they discussed the potential to increase the dividend in the future with all of the cash they are hauling in
    * According to the call with management, the Company is on track to increase tonnage of ore processed by approx. 20% at two of its plants in H2
    * The Company is on track to build Colombia’s next gold mine, Caldas Gold, which will also increase production in the future
    * The Company’s balance sheet remained solid with total cash of $87.7 million at the end of June 2020 and further reduction in the aggregate principal amount of Gold Notes outstanding to $41.3 million; once the Gold notes are paid down the Company will become more profitable

    The company is severely undervalued relative to its production and growth in production and earnings ahead. If it were valued like #GOLD or #NEM then then 220k ounces of production would be valued at $2.2B. Instead, it trades at a market cap of $300m. Thus, there is enormous re-rating potential.

    Buy, buy, buy!
  • A
    A
    They announced a plan to buy back 6M shares for cancellation. I was hoping for a better reaction from the market on the SP....
  • b
    better
    I watched Eric Sprott's Weekly Wrap-up explaining why he sold his shares. It sounded like the issue was around mgmt deciding to do a streaming deal to finance Caldas, whereas Eric wanted to be more aggressive w/ a regular project financing for Caldas. Eric got annoyed that mgmt wouldn't listen to his advice, and sold his common stock. To look on the positive side: The streaming deal is a safe financing option, it does guarantee the mine gets financed, and it does guarantee Gran Colombia's production grows substantially going forwards. I mean, pay interest in USD, or pay interest in gold - is it really that big of a difference? I am buying more #TPRFF at these prices! There is not a mining analyst on this earth who would look at this and objectively conclude that #TPRFF is worth less than $350m market cap (i.e. ~ $6 per share) w/ #TPRFF's 210k annual ounces of production, and with these sustained high gold priced! Likely an analyst coming out of the CFA program who would sit down and calculate FMV would come up with $1B or more, ie. north of $15 per share. Had Eric not sold his shares and created downward pressure, this stock would still be sitting at $5.50 today. This is a great buy for bargain hunters!
  • b
    better
    It just struck me: $100m of earnings in H2 divided by 62m shares outstanding yields EPS of $1.61 per share in H2 2020. Then, there was $0.66 adjusted net earnings in H1 2020. This means that 2020 could result in total adjusted net earnings of $2.20++ per share!! At the current price of $5 per share, this means a P/E ratio for #TPRFF of 2.2. Here are some comparable P/E multiples: #RGLD -> 45; #AEM -> 40; #AUY -> 23; #NEM -> 14; #GOLD -> 12.

    2021 could be even better with the 20% growth in production that is coming online in H2!
  • A
    Andrew
    What is the ex div date ?
  • K
    Khan
    @Brendan, any day now, what? please explain
  • Y
    Yahoo Finance Insights
    GCM.TO is down 7.59% to 5.97
  • Y
    Yahoo Finance Insights
    GCM.TO is down 7.59% to 5.97
  • J
    John
    Eric sprout announced he sold 4 million shares which explains SP weakness
  • K
    Kol
  • J
    Joshua
    Just bought a large position over the last week. Holding till this doubles at least. Way undervalued!
  • b
    better
    If #TPRFF was valued like #GOLD, then 210k ounces of production would be valued at $2.2B; if it was valued like #AUY, then 210k ounces of prod. would be valued at $1.1B. Today, #TRPRFF is trading at a valuation of $310M. Looks like quite a good game here: 3-6x re-rating potential for a major producer to snap up #TPREF!
  • b
    better
    According to Eric Sprott (Weekly Wrap-up podcast a few weeks ago), #SII Gran Colombia is one of the most under-valued gold producers, and the stock has gone down in price and the gold price has gone up in price since he said this! They have 6.4m I, 6.4m M&I, 2.7m P&P, and they will produce 210,000 ounces this year! Buy, buy, buy!
  • B
    Brendan
    any day now...
  • B
    Braden
    What will Colombia 🇨🇴 do today?? +7% open, close -1? Love the idea behind this stock but I’m out at 8. Something isn’t adding up. BOL
  • C
    Callum
    I have to chuckle to myself when this was valued higher at 1600 gold than now, approaching 1900.
  • B
    Braden
    I have been in since March. I am worried about management & spending. Does anyone in here do serious digging into these clowns? Got in at 7 and considering getting out. Any info appreciated. BOL
  • B
    Berit
    TPRFF is a great gold stock; thank you ~ Blue ~; TPRFF is very undervalued and oversold -
    It's a great gold nugget for gold investors -

    https://ca.finance.yahoo.com/quote/GCM.TO/financials?p=GCM.TO

    ~ Blue ~ Welcome back to Gran Colombia Gold Provides May 2019 Gold Production Update -
    TORONTO, June 18, 2019 (GLOBE NEWSWIRE) --

    Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today
    that it produced a total of 18,528 ounces of gold in May
    bringing the total for the first five months of 2019 to
    99,601 ounces, up 14% over the first five months of 2018.
    Gran Colombia’s trailing 12 months’ total gold production at
    the end of May 2019 of 230,136 ounces is up almost 6% over 2018’s
    annual production and remains above the top end of the Company’s
    guidance range for 2019 of between 210,000 and 225,000 ounces.

    http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2019/Gran-Colombia-Gold-Provides-May-2019-Gold-Production-Update/default.aspx

    Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting
    on the Company’s latest production results, said,
    “We have gotten off to a stronger start in 2019 than in other years,
    setting us up to potentially exceed production guidance for the year.
    We will continue to monitor our operating performance and reassess our
    guidance when we report our mid-year production results.
    With our solid performance to-date and higher spot gold prices,
    we have the opportunity to use a portion of our free cash flow
    toward the recently announced NCIBs and have so far have been
    actively using our daily limit to purchase warrants for cancellation.”

    The Segovia Operations continued to exceed expectations in May
    with gold production of 16,363 ounces bringing the total for
    the first five months of 2019 to 89,120 ounces, up 15% over
    the first five months of 2018.

    Gran Colombia processed an average of 1,144 tonnes per day (“tpd”)
    in May at its Segovia Operations, up slightly compared to the first
    four months of the year, with an average head grade of 16 g/t.

    In May, the Company began to see an expected increase in material
    from the small contract miners operating within its title, which
    grew from an average of 191 tpd in the first four months of 2019
    to 267 tpd in May with an average grade of approximately 7 g/t.
    This helped to offset the impact on productivity in May at
    the Company’s mines following the accident at
    the Providencia mine which resulted in a temporary decline in
    tonnes processed from the Company mines in the month.

    The resultant shift in the mix of material processed in May
    with a greater contribution coming from the lower grade small
    contract miners resulted in the lower overall average grade
    reported for the month for the Segovia Operations.

    The Company expects to see performance at its own mines
    return to normal in June and continuation of the increased
    level of material sourced from the small contract miners going forward.
    Segovia’s trailing 12 months’ total gold production at the end of May
    2019 stood at 204,713 ounces, up 6% over 2018’s annual production.

    At the Marmato Operations, May’s gold production of 2,165 ounces
    brings total production for the first five months of 2019
    to 10,481 ounces, up 5% over the first five months of 2018
    driven by an increase in tonnes processed this year, and
    its trailing 12 months’ total gold production at the end of May 2019
    to 25,423 ounces, up 2% over 2018’s annual production.

    About Gran Colombia Gold Corp.

    Gran Colombia is a Canadian-based mid-tier gold producer with its
    primary focus in Colombia where it is currently
    the largest underground gold and silver producer
    with several mines in operation at its
    Segovia and Marmato Operations. Gran Colombia is continuing
    to focus on exploration, expansion and modernization activities
    at its high-grade Segovia Operations.

    Additional information on Gran Colombia can be found on its website at
    http://www.grancolombiagold.com
    and by reviewing its profile on SEDAR at
    http://www.sedar.com .

    How to Stay Ahead: Be Nimble and Move Quickly - 400,000oz by YE/23. Gran Colombia Gold (TSX:GCM)
    CRUX Investor
    Published on 11 Jun 2019
    "We move very quickly." says Exec. Chairman Serafino Iacono of Gran Colombia Gold.
    He discusses:

    1) $50M in cash and NO taxes until next year

    2) Finances: Cash, tight hold on shares, the balance sheet
    and repaying debt

    3) 225,000oz to 400,000oz by the end of 2023

    4) Colombian Gold Mining specialists

    Company page: http://www.grancolombiagold.com

    https://www.youtube.com/watch?v=DjYsC0TbWNc

    http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx

    Company page:
    http://www.grancolombiagold.com/Home/...

    Latest News -

    http://www.grancolombiagold.com/news-and-investors/default.aspx

    In GOD We Trust -

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    Gold & Silver is the onl
    Get the detailed quarterly/annual income statement for GRAN COLOMBIA GOLD CORP. (GCM.TO). Find out the revenue, expenses and profit or loss over the last fiscal year.
    Get the detailed quarterly/annual income statement for GRAN COLOMBIA GOLD CORP. (GCM.TO). Find out the revenue, expenses and profit or loss over the last fiscal year.
    ca.finance.yahoo.com